Policy and Market-based Mechanism toward a Green and Sustainable Transport

Abstract

In this paper, we categorize national transport policies of Germany, Japan and China from the viewpoint of economic, information, regulation and technology. Moreover we evaluate the development and insufficiencies of major international anti-climate-change negotiations and mechanisms. We find that the selected developed and developing countries have been effectively implementing their own domestic policies guiding to a sustainable transport. However, methodological, financial and institutional barriers of existing mechanisms have hampered transport sector in abating climate change through international coordination. As a proposal for the future mechanism design, we suggest a flexible mechanism that is expected to be workable for transport through the development of policy based CDM, institutional reform, rewarding co-benefits and adoption of programmatic approaches.